Market Update: State Street Corporation (NYSE:STT) – State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2015 Financial Results and Conference Call Webcast

[Business Wire] – State Street Corporation plans to release its fourth-quarter and full-year 2015 financial results on Wednesday, January 27, 2015, followed by a related internet broadcast of a conference call at 9:30 a.m. Read more on this. State Street Corporation (STT) , currently valued at $24.30B, opened at $62.03. Today’s price range has been between $60.00 and $62.14 per share with a trailing 52-week range being $60.00 to $81.26. STT shares are currently priced at 12.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.74x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.36 per share annually in dividends, yielding 2.05%. According to a consensus of 19 analysts, the earnings estimate of $1.20 per share would be $0.17 worse than the year-ago quarter and a $0.08 sequential decrease. Investors should also note that the full-year EPS estimate of $4.90 is a $0.19 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.64 Billion. If reported, that would be a 2.94% decrease over the year-ago quarter. Recently, JP Morgan upgraded STT from Underweight to Neutral (Jan 7, 2016). Previously, UBS downgraded STT from Buy to Neutral. The average price target for STT shares by the analysts covering the stock is $75.89, which is 22.34% above where the stock opened this morning. See more in (NYSE:STT) Similar Articles: Stock Update (NYSE:HSY): Hershey to Webcast Fourth-Quarter and Full-Year 2015 Conference Call Company Update: State Street Corporation (NYSE:STT) – State Street Global Advisors Chief Executive Officer, Ronald O’Hanley, to Present at the 2015 Bank of America Merrill Lynch Banking and Financials Conference Company Update: State Street Corporation (NYSE:STT) – State Street’s GX Private Equity Index Shows Fund Distributions Continue to Outpace Capital Drawdowns, Driving the Quarterly Return to 4.2% in the Second Quarter of 2015